REDWOOD CITY, CA, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition.
This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.
The round included participation from Prosperity 7 Ventures, existing investors Greylock and Lightspeed, and existing strategic investors including BNY and QBE Ventures. The round brings Snorkel AIʼs total funding to $237 million since its founding in 2019. This fresh capital supports the company's expansion of its engineering, research, and go-to-market efforts for its unified AI Data Development Platform.
Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI's offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data-helping teams move from prototype to production at scale by leveraging Snorkel AI's programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI's platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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